The Mexican Peso (MXN) is trading mixed against its key counterparts on Wednesday.
The Mexican Peso trades variably against its main counterparts amid data releases and changing interest rate expectations. MXN is rising against the USD as bets on a September rate cut mount; versus European currencies, the Peso lags. Stubbornly high inflation in the old continent could delay rate cuts from the BoE and ECB, supporting European FX. The Mexican Peso is trading mixed against its key counterparts on Wednesday.
1% month-over-month in June, which was in line with expectations and the previous month’s reading, although the MoM data fell compared to May’s 0.3% reading. UK core CPI showed a 3.5% rise YoY, which was in line with estimates and the same as previous, according to data from the UK Office of National Statistics released on Wednesday. The Eurozone Harmonized Index of Consumer Prices rose 2.5% YoY in June – the same as the previous month and in line with estimates, whilst monthly HICP rose 0.
Technical Analysis Fundamental Analysis SEO
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexican Peso weakens following Trump assassination attemptThe Mexican Peso (MXN) dips in its most traded pairs on Tuesday.
Read more »
Mexican Peso trades mixed in key pairs after release of Banxico MinutesThe Mexican Peso (MXN) trades mixed in its major pairs on Friday as markets digest recent market-moving data.
Read more »
Mexican Peso is flat against US Dollar following mixed US NFP dataThe Mexican Peso was virtually flat against the US Dollar on Friday after seesawing within the 17.99 – 18.19 range.
Read more »
Mexican Peso continues rising as carry flows supportThe Mexican Peso (MXN) continues appreciating in its key pairs on Wednesday after the release of Mexican macroeconomic data on Tuesday showed continued signs of inflationary pressures in the economy.
Read more »
Mexican Peso recovers marginally after release of macroeconomic dataThe Mexican Peso (MXN) trades slightly lower in its key pairs on Tuesday, though it has recovered a little in the minutes after the release of more inflationary data from Mexico.
Read more »
Mexican Peso rallies as June inflation jumps unexpectedlyThe Mexican Peso surged during Tuesday’s North American session as June headline inflation exceeded consensus.
Read more »